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Employee Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense

   Stock-Based Compensation Expense
(in thousands)
   Three-month period ended  Nine-month period ended
   September 30,
2014
  September 30,
2013
  September 30,
2014
  September 30,
2013
Research and development  $1,113   $468   $3,225   $1,145 
Sales, general and administrative   1,290    540    4,109    1,467 
Total stock-based compensation expense  $2,403   $1,008   $7,334   $2,612 
                     

 

Stock Option Activity
Stock Option Activity
    Number of Shares    

Weighted Average Exercise Price

per Share

 
Options Outstanding December 31, 2013   5,160,086   $3.45 
Granted   709,025   $15.78 
Cancelled   (13,678)  $13.06 
Exercised   (255,000)  $2.86 
Expired   —      —   
Options Outstanding September 30, 2014   5,600,433   $5.01 
Stock Option Supplemental Information
Stock Option Supplemental Information
    Options Outstanding    Options Exercisable 
Number of options   5,600,433    1,756,885 
Weighted average remaining contractual term (in years)   8.15    7.72 
Weighted average exercise price  $5.01   $2.26 
Weighted average fair value  $3.85   $1.52 
Aggregate intrinsic value (in thousands)  $92,000   $34,000